“The GBBC will provide a much-needed forum for businesses, innovators and technologists to come together and explore the many opportunities that Blockchain technology has to offer,” stated Bitfury Group CEO Valery Vavilov. “This is a crucial step in the global advancement of Blockchain technology.”

The mission of the GBBC aims to bring together the world’s leading businesses and business leaders to highlight the latest innovations and advances in Blockchain technology. The GBBC will serve as a resource center, providing a forum for education, collaboration and partnerships in the Blockchain space.

“It is a tremendous honor for us to feature such an all-star lineup at our first ever launch event in Davos around the World Economic Forum: Uschi Schreiber, Global Vice Chair of Markets & Chair of Global Accounts Committee for EY; Patrick Byrne, Chief Executive Officer of Overstock; Dr. Wei Wang, Founding Chairman of China Mergers and Acquisitions Association; Carl Bildt, former Prime Minister of Sweden; Toomas Hendrik Ilves, former President of Estonia; Hernando de Soto, world-renowned economist; and Don Tapscott, best-selling author ,” exclaimed Smith Jamie, global chief of communications and marketing officer for The Bitfury Group and Co-Chair of the World Economic Forum’s Future Council on Blockchain.

The GBBC will assist companies by raising awareness of the potential of Blockchain technology and engaging businesses interested in embracing and promoting this innovative technology to grow and enhance their reach and abilities.

“Blockchain has the potential to be the next great technological innovation, revolutionizing areas from cross-border payments, trade finance and land registries to government records,” concluded Sebastian Vos, Co-Chair of Covington’s global public policy and government affairs practice. “Through advocacy and international engagement, Covington looks forward to working with the Global Blockchain Business Council to unlock the potential of Blockchain technology.”